6 Student Loan Forgiveness Options for Texas


Julissa Treviño Updated: April 30, 2019

Banking on the Public Service Loan Forgiveness program? It has been considered one of best chances for a college graduate to get their debt cancelled. But newly released data suggests it's far from a shoe-in. Apparently, 99% of applicants to this government program have been rejected.

So if you're hoping to get your loan discharged, you may want to keep your options open to other possibilities. That's where state programs come in.

Texas

Here are the loan forgiveness programs in the state of Texas that are currently funded and accepting applications.

1. Nursing Faculty Loan Repayment Assistance Program

Are you a nurse struggling with student loan debt? You qualify for up to $7,000 in loan repayment for a period of up to five years under this state-funded program. The goal of this effort is to improve access to nursing education programs by encouraging qualified nurses to serve as faculty at eligible institutions of higher education. Applicants must hold a post-graduate degree and be employed as faculty at an eligible institution. 

Applications are generally due in late October.

2. Physician Education Loan Repayment Program

Offering up to $160,000 over four years in loan assistance, this program is aimed at qualifying physicians who hold a license from the Texas Medical Board and serve in underserved or needed areas.

Applicants must agree to work for those four years at:

  • A federally designated Health Professional Shortage Area (HPSA)
  • A Texas Juvenile Justice Department correctional facility, or
  • A Texas Department of Criminal Justice correctional facility.

Deadlines for application are typically in late November. 

3. Texas Student Loan Repayment Assistance Program

Currently funded by the State Bar of Texas and administered by the Texas Access to Justice Foundation, this program offers up to $4,800 annually to assist attorneys pursuing careers in legal aid in the state.

Applicants must work full-time for any Texas legal aid program that is:

  • A recipient of Texas Access to Justice Foundation (TAJF) funds
  • A recipient of Legal Services Corporation funds, or
  • A Texas non-profit that provides civil legal services, if at least 50% of the services provided are free to low-income Texans.
Visit the Texas Access to Justice Foundation website for application details. 

Imagine Life Without a Student Loan Payment... Start Saving Now!

4. Loan Repayment Program for Mental Health Professionals

This program encourages mental health professionals to provide services in designated shortage areas at least five years. In exchange, qualified applicants may receive between $10,000 and $160,000 over the five-year period, depending on their practice specialty. 

Eligible practice specialties include:

  • Psychiatrists
  • Psychologists
  • Advanced practice nurses who are board certified in psychiatric or mental health nursing
  • Licensed professional counselors
  • Licensed clinical social workers
  • Licensed marriage and family therapists 
  • Licensed chemical dependency counselors who have received a related associate's degree

The application period has closed, but keep an eye out for the next cycle. 

5. Rural Communities Health Care Investment Program

To improve the number of health care providers in rural communities, certain health care professionals can earn up to $10,000 in student loan reimbursements.

Eligible health professionals include but are not limited to:

  • physician assistants
  • nurses
  • physical and occupational therapists
  • pharmacists
  • optometrists
  • emergency medical technicians
  • speech pathologists
  • dentists
  • and licensed non-physician mental health practitioners.

Check the Texas Department of Agriculture website for the next application cycle.

6. Math and Science Scholars Loan Repayment Program

For Texas public schools teachers who have secured employment teaching mathematics or science in a Title I school at the time of application, this program offers up to $5,000. Applicants may not have received or be receiving aid from any other state or federal loan repayment assistance.  

The application period for the 2018-2019 school year is now closed, but information about upcoming deadlines can be found here.

If you are seeking student loan forgiveness and think you qualify for some of the programs listed above, always go through through the official channels and offices when applying. Companies promising college loan relief or forgiveness may be scams, so be sure to do your due diligence. 

Refinance & Save Today With These Leading Lenders

#1 - Nitro Recommended View More Details

Special offers for medical resident and fellow refinance products

  • Fixed rates: 1.99% - 7.84% APR
  • Variable rates: 1.74% - 7.49% APR
  • Minimum credit: 650
View More Details
Visit Splash View Loan Disclosure

Splash Financial is a leader in student loan refinancing with some of the lowest fixed in the industry which can save you tens of thousands of dollars over the life of your loans. No application or origination fees and no prepayment penalties. Splash Financial is in all 50 states and is intensely focused on customer service. Splash Financial is also one of the few companies that offers a great medical resident and fellow refinance product. You can check your rate with Splash in just minutes.

  • Low interest rates – especially for graduate students
  • No application or origination fees. No prepayment penalties.
  • Co-signer release program - you can apply for a cosigner release form your loan after 12 months of on-time payments
  • Specialty product for doctors in training with low monthly payment

Click here to see more of Splash's offerings and to see how you can save money.

#2 View More Details

Ability to apply for cosigner release after 24 consecutive payments. 

View More Details
Visit NelNetBank View Loan Disclosure

Give Your Life’s Journey a Jump-Start.

If you’re ready to put student loans in your rearview mirror, Nelnet Bank student loan refinancing offers low rates and flexible terms to help you start getting ahead.

  • VARIABLE RATES: 2.69% - 9.20% APR See Disclaimer
  • FIXED RATES: 3.49% - 7.44% APR See Disclaimer
  • AUTO DEBIT SAVINGS: We’ll knock .25% off of your interest rate when you enroll in auto debit. See Disclaimer
  • NO ORIGINATION FEES: No application, origination, or prepayment fees on Nelnet Bank loans.
  • HARDSHIP PROTECTION: Hardship forbearance helps protect against unexpected loss of income. See Disclaimer

See How Much You Can Save: Estimate your savings with a student loan refinance from Nelnet Bank.

#3 View More Details

ElFi offers top-rated customer service, some of the lowest rates available, and flexible terms to fit your goals.

  • Fixed rates: 2.73% - 5.99% APR
  • Variable rates: 1.86% - 6.01% APR
  • Minimum credit: 680
View More Details
Visit ElFi View Loan Disclosure
Student Loan Refinancing Made Simple.
Discover our low rates and fast, no-fee application process for refinancing your student loans or financing your college education.
The ELFI Difference:
  • Some of the Lowest Rates Available – We believe in rewarding financially responsible borrowers by providing some of the lowest refinancing rates available.
  • Expertise That’s Second to None – Our ELFI management team has over 30 years of expertise in student loans and student loan refinancing.
  • Fast and Easy Process – Secure your personalized student loan or refinancing options in just a few short minutes.
  • Personal Loan Advisors – Our award-winning customer service team will guide you every step of the way.
  • Service Coast to Coast - ELFI private student loans and student loan refinancing are available across the entire U.S. and Puerto Rico.

Click here to refinance now with ELFI.

#4 View More Details

SoFi is the leading student loan refinancing provider. 

  • Fixed rates: 3.49% - 7.99% APR
  • Variable rates: 1.74% - 7.99% APR
  • Minimum credit: 650
View More Details
Visit SoFi View Loan Disclosure

$30 billion+ in refinanced student loans. SoFi has some of the lowest interest rates and, unlike the other lenders we reviewed, there's no maximum on the amount you can finance. Some state restrictions may apply.

  • Serious savings: Save thousands of dollars thanks to flexible terms and low fixed or variable rates.
  • No hidden fees, no catch: No application or origination fees. No pre-payment penalties.
  • Fast, easy, and all online: Simple online application and access to live customer support 7 days a week.
  • Access to member benefits: SoFi members get career coaching, financial advice, and more—all at no cost.
  • 98% of surveyed members would recommend SoFi to a friend

Save thousands on your student loans and pay off your loans sooner. Find your rate.

#5 View More Details

Works with 300+ community lenders for higher approval chances

  • Fixed rates: 2.49% - 7.75% APR
  • Variable rates: 1.90% - 5.25% APR
  • Minimum credit: 660
View More Details
Visit LendKey View Loan Disclosure

Connecting student borrowers to a network of over 300 community lenders with low interest rates. By partnering with these lenders, LendKey is able to give consumers direct access to the best rates available from the most borrower friendly institutions. As the servicer of all loans obtained through its platform, you can rest easy knowing your personal information will be safe and that the best customer service team will be ready to answer your questions from application until your final payment.

LendKey Student Loan Refinance review

  • Lightning fast rate check - 2-minute rate check with no impact on your credit score
  • More lenders, more options - see the best offers from over 300+ community lenders for higher approval chances
  • Life of loan relationship - With LendKey, your personal information will never be sent or passed on to third parties. Their customer service team is with you from the moment you land on their website until you've completely repaid your loan.
  • Unmatched benefits- Community lenders put people over profits and offer unique benefits like cosigner release after 12 on-time payments, interest only repayment options to keep monthly payments low, the largest unemployment protection period in the market, and more.

Get a personalized quote from LendKey now.

#6 View More Details

Best for borrowers who want to customize their repayment schedule to pay off debt fast.

View More Details
Visit Earnest View Loan Disclosure

Using technology, data, and design to build affordable products, Earnest's lending products are built for a new generation seeking to reach life's milestones. The company understands every applicant's unique financial story to offer the lowest possible rates and radically flexible loan options for living life.

  • Commitment-free 2 minute rate check
  • Client Happiness can be reached via in app messaging, email, and phone 
  • No fees for origination, prepayment, or loan disbursement
  • Flexible terms let you pick your exact monthly payment or switch between fixed and variable rates
  • Skip a payment and make it up later
  • Online dashboard is designed to make it easy to apply for and manage your loan

Click here to apply with Earnest and to see how much you can save.

I reduced my student loan payment by $152 per month, by refinancing thru Nitro

Save Money Now